Abax has appointed David Norton as its chief financial officer. Norton spent 10 years as the director of finance and administration at Fleetmatics.
Norton will be based at Abax’s global HQ in Larvik, Norway and will oversee all financial aspects of the business globally.
Bjørn Erik Helgeland, chief operating officer at the Abax Group, said: “We are pleased that David has accepted the role as CFO. He has a very solid background and we are happy to have him on the team.”
Norton was involved from the Fleetmatics start-up through to the company's IPO on the New York Stock exchange in 2012 which raised $132 million and the eventual sale to US telecom giant Verizon in 2016 for $2.4 billion.
Recently, he was working as CFO at Irish Ed Tech company Shaw Academy, a provider of online education to global students.
“I’m very excited about this opportunity, and continuing the amazing growth trajectory at ABAX, and being able to help shape the journey,” said Norton.
Helgeland added: "He brings with him extensive experience of leading finance functions across the international financial telematics industry. This is also an important part of our strategic efforts to maintain and strengthen our position in the market.
“Together with the board and the wider executive team, I look forward to working with him."